Articulate a Procure-to-Pay Strategy with a Short and Long-Term Vision

09/11/2014

Best practice companies establish a Procure-to-Pay strategy that is composed of short and long-term goals. The short-term goals range from one to two years, while long-term goals range from three to five years. The goals and initiatives are best developed by incorporating feedback from key stakeholders throughout the organization. Successful strategies contain goals for: